HomeMy WebLinkAboutCity Council Resolution 1990-6910 CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 15th day of October ,
1990. The following members were present: Mayor Bergman, Councilmembers ,
Helliwell, Ricker, Vasiliou, and Zitur
The following members were absent: None
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Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-691
REDUCING DEVELOPMENT BOND
ST. MARYS ADDITION (85119)
WHEREAS, in accordance with the development contract dated March 11, 1986, revised
September 10, 1987, David A. Williams Realty and Construction, Inc., developer of St.
Marys Addition (85119), has agreed to install certain improvements for said
development; and
WHEREAS, the developer has completed a portion of the street, utility and site grading
as noted below; and
WHEREAS, the developer has requested a reduction of the development bond to reflect the
completed work;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction * $ 6,500 * $ -0-
Sanitary Sewer 2,700 -0-
Watermain -0- -0-
Storm Sewer 2,800 -0-
Boulevard and Drainage Swale Sod 800 200
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements 22,600 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 4"248 _ 't
TOTAL
$ 39,648 $ 224
That the letter of credit required for the above items (No. 14753) be reduced as
detailed above from $896 to $224 to reflect the completed work.
* The developer submitted a cash payment on January 18, 1989, in the amount of $7,280
in lieu of constructing a portion of Forestview Lane at this time.
Resolution No. 90-691
Page Two
10 FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash- $1,000 $500
Letter of Credit: $9,000 $-0-
FURTHER BE IT RESOLVED that the above referenced financial guarantees for Maintenance
of Erosion and Sediment Control Plan, street sweeping, and storm sewer cleaning are
reduced as follows: Cash deposit from $1,000 to $500 and the required letter of credit
from $2,250 to $0 (zero). Letter of Credit No. 14761 is hereby released.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Tasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwell, Ricker, Vasiliou, ,
and Zitur
The following voted against or abstained: None
'Whereupon the Resolution was declared duly passed and adopted.
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